Suncrest
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.

Property Key Features
Market:
Indianapolis, IN
Number of Units
140
Date Acquired:
08/01/2021
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
Originally built in 1986 and renovated in 2015-2016, Suncrest benefits from the surging growth of the logistics industry and the high demand for housing in the area. Gray Capital’s strategy with this asset involves harnessing the economic momentum of this sub-market, narrowing the gap between rents at Suncrest and other comparable properties, and a light-value add component and improvement of exteriors and community amenities.
Mad River
Mad River is a 302-unit apartment community built in 1983 and located in Dayton, OH.
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
Waterstone
Waterstone is a 130-unit apartment property located in Evansville, IN and built in 2016.
Oakdale Square
Oakdale Square is a 200-unit, Class B apartment community located in Bloomington, IN and built in 1972.
Suncrest
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
Lexington Green and Villa Capri
Full-Cycle Project
Net IRR: 26%
Equity Multiple: 2.33x
INVEST WITH US
Gray capital invests alongside our partners, joining sophisticated family offices and individual investors looking to take advantage of the unique benefits of multifamily real estate.